A young entrepreneur who started his journey from a small town in Jaipur, has been termed as a young innovator of the city. Sayar Singh, who came from a mediocre family had curiosity and fervor to create new products which can bring change in the society. He started innovating new ideas and products at the age of twelve and founded the company Oston Tech Pvt. Ltd along with other co-founders. By the age of 18 he already had 32 innovations and 5 pending patents in his name. His innovations to name a few range from various technical gadgets like Drone, Measurement Apparatus to security systems like Locks to alert the police department and the owner in insecure conditions, Fuel Management system which prevents fuel filing station from fire etc.
Sayar is a serial innovator and has zeal to keep bringing new idea and products to the market. However, currently he has taken sabbatical from his Oston Tech Pvt. Ltd. due to lack of funds to support his research and production of the products.
One of the most significant and revolutionizing innovation by Sayar Singh is ‘Oston Skates’. These skates are designed so as to take the skates to a next level which enhances the jerk absorbing capacity of the skates. The USP of these skates is the suspension system which is supported by a spring mechanism. It has ability to absorb more than 75% of shock. This enhances speed and mobility of the skates along with controlling balance based on the body position. These can be used for long as well as short distance. What made Sayar think about this innovation is to address the problems faced by many skaters while skating on road or on a rough area.
There are around 12 features of Oston Skates which make them unique and innovative. Few of them can be listed as below:
• It can run anywhere on rough and uneven surface.
• It has got shock absorption capacity of around 75%.
• It has well designed balancing system and brake system which helps in maintaining the balance.
• In ordinary skates person has to bend his knees and legs for higher speed. This causes joint pains, however in Oston skates it has oscillation point in the wheels which helps to maintain comfortable position.
• Spring mechanism and the brake system allows to do skating in decline position.
• The overall mechanism helps to enhance speed and it can also cross hurdles in 90 degree position.
These skates mechanism has many applications to improve the performance and efficiency of emergency vehicles. The concept is applicable in automobiles and the first implementation for the same is skates. The jerk free or shock absorption mechanism can be used in motor vehicles to reduce accidents in case of sudden brake application. For ambulances, with jerk free technology, treatment inside the vans could be more effective saving time at those crucial moments in the patient’s life.
Currently, Sayar and team has filed for patent application in European Patent Office for their unique innovation. The patent grant is still awaited and the team is working on developing or improving the design further. Marketing team is working to chalk out marketing strategy which can help to position these skates in right market segment and can beat the competition.
What Sayar and team plans next is to produce these skates on a large scale so as to achieve economies of scale to bring down the costs and make it available to as many market segments as possible. For this he requires funding of around $225,000. A good idea with a perfect marketing strategy in place is useless if it is not fueled with appropriate funds.
Many entrepreneurs and innovators like Sayar has to face hardships in order to make their idea worth. Backing by proper fund managers and investors can make their idea worthwhile and help contribute to the GDP of the country. Otherwise their life will be a roller coaster ride as on the skating wheels!
Contributed by my colleague, Snehal Mahajan